Vista Land (VLL) is developing the 6.5-hectare PHP2.2 bn Costa Vista Boracay in eight years’ time. 6-8 storey residential condos will offer 24-48.6 sqm units at PHP3.6-7.5 mn each. There will be a 200-room hotel and convention center with a capacity of 800-1,000 persons. The project is under VLL’s high-end unit Vista Residences. This will be its first foray into tourism projects. VLL is shaping itself as a contender in tourism estates with Costa Vista Boracay. Earnings are still seen to be anchored by the reliable Communities Philippines and Camella affordable housing units. The project’s success is seen favorable given its outstanding location which even Megaworld (MEG) is present in. VLL may also get an upside from this and after acquiring Starmalls last year as the copany shapes up to a well-rounded real estate developer.
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